Real Housewives Of Beverly Hills | Dorit Kemsley’s Husband Paul Kemsley’s Assets To Be Seized After Failure To Pay $1.2M Loan
Real Housewives Of Beverly Hills cast member Dorit Kemsley’s husband Paul ‘PK’ Kemsley owes a man by the name of Nicos Kirzis $1.2 million. Nicos loaned Paul $1.2 million back in 2011, Paul had allegedly agreed to pay back the loan by 2013. Not one dime has been repaid.
Paul argued that his 2013 bankruptcy in the United Kingdom wiped his debt clean, but Nicos claims he wasn’t listed as a creditor in the cast.
Nicos is asking a judge to grant him a judgement so he is able to try and get his money back from Paul.
In late 2016, the judge sided with Nicos and ordered a judgment against Kemsley for the $1.2 million owed — plus interest and other costs — for a grand total of $1,235,573.66.
Last month, Nicos filed documents in California to register the judgment there, which is the first step a creditor takes to begin the process of seizing assets.
Nicos says that Paul finally made a payment of $250,000 on the debt, which only covered the interest that grew over the years. The unpaid balance remains at $1,275,221.48.
According to the court documents unless Paul files to vacate the judgment, his wages, money, and property could be taken without further warning.
Adding to Paul’s money problems, hotel, The Bellagio recently accused Paul of missing a payment over a $3.6 million casino marker he’s been working to pay off for years.
Back in 2013, the Las Vegas casino sued Paul after he allegedly failed to pay back the multi-million-dollar marker. The reality star had made a few payments of $875,000 but then filed for bankruptcy in the United Kingdom and was able to get his debt wiped clean.
The casino fought the debt because they were never notified and claimed the order from the United Kingdom wasn’t valid. They ended up receiving a few more payments from Paul totaling $575,000 but with growing interest, he still owed over $2 million.
A settlement was agreed upon by the two parties, which Paul was to make payments until June 2018. However, the Bellagio claims he stopped paying in May and an outstanding balance remains.
The casino demanded the court order a judgment in the amount of the remaining balance, so they can use it to go after Paul and seize any assets to collect on their money.
In September, the Bellagio was granted that judgment and allowed to go forward with ‘garnishment and execution.’
Source: The Blast
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